Menu Close

Will property prices fall in Pune in 2022?

Will property prices fall in Pune in 2022?

PUNE: Real estate observers have said while Pune witnessed bumper home sales in calendar year 2021 on low interest rates and other sops, the fast-spreading Omicron variant of Covid-19 could wobble the market for a short period, although the momentum in the market may be maintained through 2022.

Is Pune good for property investment?

The real estate here is stable and going strong as compared to Mumbai – the neighbouring city, which has witnessed various sluggish phases over the years. In recent years, Pune has become a favoured real estate investment destination for Pune-based home investors, owing to several reasons.

How is the real estate market in Pune?

PUNE: Pune has clocked sales of around 53,000 housing units in the period between January and July 2021 as compared to about 49,000 housing units between January and July 2019 indicating an almost 8% growth, according to a real estate market analysis report by CREDAI-Pune Metro and CRE Matrix.

Is it right time to buy house in Pune?

Affordability in Pune “The latest reduction in interest rates, has led to increased affordability, which is now at 3.79 times one’s annual income (it was 3.91 times at the same time in 2019), making this is the best time to buy a home,” notes the Gera report. Home loan rates are as low as 6.65% from some public banks.

Will house prices go down in the future?

With increased supply, home price growth will gradually moderate, but a broad price decline is unlikely. The housing market will continue to attract buyers as a result of the drop in mortgage rates as well as an increase in new listings.

Which area is best to buy property in Pune?

Top 10 Areas For Buying a 1/2/3 BHK Apartment in Pune

  • Baner. Baner has seen the most of the real estate growth in Pune.
  • Lohegaon-Wagholi Road. The road that connects the developing areas Lohegaon and Wagholi is no less a hot spot for buying a flat.
  • Viman Nagar.
  • Sinhgad.
  • Bavdhan.
  • Undri.
  • Kharadi.
  • Hinjewadi.

Which area is best to buy flat in Pune?

Where should I invest in Pune?

Best Areas to Invest in Real Estate in Pune 2021

  1. Kalyani Nagar.
  2. Pimpri Chinchwad.
  3. Karve Road / Erandwane.
  4. Koregaon Park.
  5. Boat Club Road.

Which area is good for investment in Pune?

Popular residential investment destinations in Pune
Locations Capital values (in per sq ft) Rental appreciation, YoY in Jan-Mar 2021
Hadapsar Rs 6,150 6%
Dhanori Rs 5,200 3%
Vadgaon Budruk Rs 4,200 9%

Is it good to buy flat?

Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, the resale flats are fully constructed and come with a ready-to-move-in tag. Hence, if all the other factors work in your favour, it might be a good idea to invest in a resale flat.

Posted in Life